Schnieders Capital Management LLC grew its holdings in Ecolab Inc. (NYSE:ECL – Free Report) by 22.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,166 shares of the basic materials company’s stock after purchasing an additional 217 shares during the quarter. Schnieders Capital Management LLC’s holdings in Ecolab were worth $314,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ECL. Nemes Rush Group LLC boosted its stake in shares of Ecolab by 6.6% during the first quarter. Nemes Rush Group LLC now owns 42,899 shares of the basic materials company’s stock valued at $10,876,000 after acquiring an additional 2,651 shares during the last quarter. University of Texas Texas AM Investment Management Co. boosted its stake in shares of Ecolab by 32.4% during the 1st quarter. University of Texas Texas AM Investment Management Co. now owns 14,005 shares of the basic materials company’s stock worth $3,551,000 after purchasing an additional 3,428 shares during the last quarter. Mirabaud & Cie SA grew its holdings in shares of Ecolab by 1.1% during the first quarter. Mirabaud & Cie SA now owns 5,092 shares of the basic materials company’s stock worth $1,291,000 after buying an additional 55 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of Ecolab in the first quarter valued at approximately $284,000. Finally, Zurich Insurance Group Ltd FI lifted its stake in shares of Ecolab by 1,189.2% during the first quarter. Zurich Insurance Group Ltd FI now owns 144,392 shares of the basic materials company’s stock valued at $36,606,000 after buying an additional 133,192 shares during the period. Hedge funds and other institutional investors own 74.91% of the company’s stock.
Ecolab Stock Performance
Ecolab stock opened at $280.31 on Tuesday. The company has a market cap of $79.50 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. Ecolab Inc. has a 12 month low of $221.62 and a 12 month high of $286.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.44 and a quick ratio of 1.12. The stock’s 50-day moving average is $274.63 and its 200-day moving average is $264.13.
Ecolab Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 16th were issued a dividend of $0.65 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 0.9%. Ecolab’s payout ratio is presently 34.71%.
Insider Buying and Selling
In other news, SVP Jennifer J. Bradway sold 807 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $279.28, for a total value of $225,378.96. Following the completion of the sale, the senior vice president owned 4,326 shares of the company’s stock, valued at $1,208,165.28. This represents a 15.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Maclennan bought 600 shares of the stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $278.51 per share, with a total value of $167,106.00. Following the purchase, the director owned 20,253 shares of the company’s stock, valued at approximately $5,640,663.03. This represents a 3.05% increase in their position. The disclosure for this purchase can be found here. 0.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have commented on ECL. Mizuho lifted their target price on shares of Ecolab from $285.00 to $305.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. BMO Capital Markets upped their target price on Ecolab from $307.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Ecolab in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Ecolab in a report on Monday, October 6th. Finally, Raymond James Financial initiated coverage on shares of Ecolab in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.92.
Check Out Our Latest Analysis on ECL
About Ecolab
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.
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